gas prices

Province extends gas tax reduction for another year

The provincial government is extending the gas tax reduction for another year.

The 7-cent-a-litre tax reduction for gasoline and diesel was initially set until Jan. 1, 2023. It was later extended until March 31, 2023. Further extending the tax reduction until March 31, 2024, will cost $63.4 million. Budget 2023 will be delivered in the House of Assembly on Thursday, March 23.

This maintains a lower price at the pump by 8.05 cents per litre (including HST). The government says the 7.5 cent-per-litre tax on gasoline in Newfoundland and Labrador is the lowest among provinces other than Alberta.

Cost of gasoline shoots up almost 10 cents a litre

The maximum regulated cost of gasoline shot up almost 10 cents a litre Saturday. The PUB said it was a result of recent commodity market developments.

Scroll to top